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Kirby Co. (NYSE:KEX) Given Consensus Rating of "Buy" by Analysts

Kirby logo with Transportation background

Kirby Co. (NYSE:KEX - Get Free Report) has earned an average recommendation of "Buy" from the five brokerages that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have covered the stock in the last year is $123.80.

Separately, StockNews.com cut Kirby from a "buy" rating to a "hold" rating in a report on Sunday, September 22nd.

Check Out Our Latest Analysis on Kirby

Insider Buying and Selling at Kirby

In other Kirby news, Director Richard Ross Stewart sold 8,000 shares of Kirby stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $128.21, for a total transaction of $1,025,680.00. Following the transaction, the director now directly owns 15,488 shares of the company's stock, valued at $1,985,716.48. The trade was a 34.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Christian G. O'neil sold 15,041 shares of the company's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $130.00, for a total transaction of $1,955,330.00. Following the completion of the sale, the chief operating officer now owns 7,746 shares of the company's stock, valued at approximately $1,006,980. The trade was a 66.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,596 shares of company stock worth $8,541,440. Insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On Kirby

Hedge funds and other institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its holdings in Kirby by 420.0% during the third quarter. Farther Finance Advisors LLC now owns 208 shares of the shipping company's stock worth $25,000 after acquiring an additional 168 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Kirby in the 2nd quarter worth about $26,000. ORG Wealth Partners LLC bought a new position in Kirby during the third quarter valued at about $30,000. ORG Partners LLC purchased a new stake in Kirby during the second quarter worth about $32,000. Finally, Blue Trust Inc. boosted its stake in Kirby by 91.0% in the second quarter. Blue Trust Inc. now owns 296 shares of the shipping company's stock valued at $35,000 after acquiring an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 96.15% of the company's stock.

Kirby Stock Down 1.3 %

Shares of NYSE KEX traded down $1.50 during trading on Monday, hitting $117.51. 366,615 shares of the company traded hands, compared to its average volume of 455,055. The firm has a market capitalization of $6.75 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 0.70 and a beta of 1.18. The business's fifty day moving average is $123.91 and its 200 day moving average is $121.01. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.67. Kirby has a fifty-two week low of $72.74 and a fifty-two week high of $132.21.

Kirby (NYSE:KEX - Get Free Report) last issued its earnings results on Wednesday, October 30th. The shipping company reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.08. The business had revenue of $831.10 million during the quarter, compared to analyst estimates of $824.42 million. Kirby had a return on equity of 9.43% and a net margin of 9.37%. The firm's revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 EPS. Equities research analysts predict that Kirby will post 5.45 earnings per share for the current fiscal year.

About Kirby

(Get Free Report

Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessel transporting bulk liquid product, as well as operates tank barge throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.

Further Reading

Analyst Recommendations for Kirby (NYSE:KEX)

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